A sustained push on urban infrastructure, access to long-term capital, and ease-of-doing-business reforms will be critical for stable, long-term growth in real estate. Policy measures that support homebuyers and improve sector liquidity can meaningfully accelerate India’s urban development agenda. Mr. Madhusudan G, CMD at Sumadhura GroupAs we look ahead to Budget 2026, the real estate sector is seeking not blanket measures, but thoughtful, targeted policies that reflect a maturing and increasingly segmented market. Moreover, it is important to revisit the ₹45 lakh affordable housing cap on a city-specific basis so that incentives reach genuine first-time buyers. Long-pending structural reforms such as a time-bound single-window clearance system to streamline project approvals and the formal recognition of real estate as an industry are also crucial.